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Stocks to Watch for Aug 21, 2014

by
August 21, 2014 8:34 am
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BlackBerry Ltd (NASDAQ: BBRY) closed on Wednesday at 10.16, gaining 3.15% with 11M shares changing hands. The stock continues to maintain positive trend showing a smart recovery of 15% from the recent low backed by positive moves of trend and momentum. The stock price is likely to test next resistance at 10.44, before showing further up side. Long setup.

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China Finance Online Co. (NASDAQ: JRJC) Nice price movement on high volume today , looks ready to break out into new high territory tomorrow. It’s important to maintain tight stops on this one in case of a false breakout.

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China Techfaith Wireless Comm. Tech. Ltd (NASDAQ: CNTF) Another China stock that looks like it will break out soon, watch this triangle and act accordingly. Volume is starting to build and the stock price may make an attempt to break this triangle. I’m looking for a gap up at the open above $1.50

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Gulf Resources, Inc. (NASDAQ: GURE) gave us a nice move on Wednesday, which could be the start of a bigger move IMO. If the stock price can break through the $2.09 level, we should see a strong follow through move. This move would break the trading range, and should drive the stock back towards July highs.

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Biostar Pharmaceuticals Inc (NASDAQ: BSPM) Stock broke through resistance at $1.79 accompanied with high volume. We should be able to see some decent upside movement for the bulls here.

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.

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AC